Home Defender Loan

Home loan calculator

Maximum loan amount
Monthly Payment

A soldier sitting on the floor of his newly purchased home’s living room and playing with his daughter.

Pay only the loan interest monthly or defer these payments to the future. During the grace period, you can furnish or renovate your home, for example.

The Home Defender Mortgage from Coop Pank is designed for police officers, rescuers, active servicemen, and members of the Defence League for purchasing, renovating, or building a home, or refinancing an existing home loan.

Special Offer for the Home Defender Loan:

interest margin from 1.49%;
grace period up to 2 years from the issuance of the loan;
contract fee €0;
free early loan repayment;
we will reimburse the expert valuation cost up to €250 after the loan has been issued;
we cover the first year's loan payment insurance cost up to €100;
free 'Useful' plan for a year.

Margin from 1.49%

Long grace period

Contract fee €0

Free loan payment insurance

Applying for a loan

Buying a home
Construction loan
Refinancing

Fill in the loan application form. We’ll then make you an initial offer on the loan amount and interest rate in just 60 seconds!

Our loan administrator will go over any details with you.

The loan administrator will then e-mail you a binding offer.

Submit an expert appraisal of the property you’re setting as collateral.

Sign the loan agreement and take out home insurance.

For your convenience, Coop Kindlustusmaakler can make you a home insurance offer.

We’ll then arrange a time with you for the purchase to be notarised.

Finally, we’ll transfer the loan amount to your account.

Commission your project, seek quotes for the construction cost and draw up your calculations. Consult one of our loan administrators.

Submit to the loan administrator an expert appraisal of the home being constructed which reflects both its current and market value.

Fill in the loan application form. We’ll then make you an initial offer on the loan amount and interest rate in just 60 seconds!

Our loan administrator will go over any details with you and then e-mail you a binding offer.

Sign the agreement.

We’ll then arrange a time with you for the mortgage to be notarised.

Finally, we’ll transfer the loan amount to your account in parts. You’ll need to submit home insurance for the home being built when construction is almost complete.

Fill in the loan application form. We’ll then make you an initial offer on the loan amount and interest rate in just 60 seconds!

Our loan administrator will go over any details with you and then e-mail you a binding offer.

Submit an expert appraisal of the property you’re setting as collateral. Also submit an application for the repayment of the loan to your current bank.

Sign the loan agreement and take out home insurance.

For your convenience, Coop Kindlustusmaakler can make you a home insurance offer.

We’ll arrange a time with you for the transaction to be notarised. Your current bank will then assign the mortgage to Coop Pank.

Finally, we’ll transfer the loan to your account and from there to the other bank.

Personalised solutions for you

Loans and financing
New Developments

Home Defender Loan – good to know

Terms and conditions

One of the loan applicants must serve in the Estonian Defence Forces (active servicemen), the Rescue Board (rescue service employees), the Police and Border Guard Board (police and border guard officers, volunteer police officers), the Emergency Response Center, or must be a veteran of the Estonian Defence Forces, a member of the Defence League or Women’s Voluntary Defence Organization, or a volunteer rescuer.
The loan amount starts from €10 000.
The repayment term is up to 30 years.
Interest rate from 1.49% + 6-month EURIBOR on outstanding loan per year.
If desired, a grace period for principal and interest payments is available for the first two years of the loan. In case of an EIS guarantee, we offer a grace period for principal payments up to 1 year.
Early loan repayment is free of charge.
For a purchase of real estate, the own contribution needed is from 15% of the price of real estate being bought. We also work with EIS (former KredEx) whose guarantee can reduce the amount of the initial downpayment of a home loan. We accept the co-financing provided by the Rural Development Foundation as self-financing.
In the absence of monetary own contribution, additional collateral (real estate, including undeveloped properties) is accepted.
The immovable property being purchased or renovated usually remains the main collateral for the home loan and is encumbered with a mortgage in favour of the bank.
The bank will cover the credit payment insurance cost up to €100 for the first loan year, provided that the credit payment insurance and collateral insurance contract is signed through Coop Kindlustusmaakler AS. Loan payment insurance ensures the payment of the monthly loan payments in the event of a long-term illness or loss of employment.

Requirements for the applicant

An applicant must be an Estonian citizen or a foreign national holder of a residence permit.
One of the loan applicants must serve in the Estonian Defence Forces (active servicemen), the Rescue Board (rescue service employees), the Police and Border Guard Board (police and border guard officers, volunteer police officers), the Emergency Response Center, or must be a veteran of the Estonian Defence Forces, a member of the Defence League or Women’s Voluntary Defence Organization, or a volunteer rescuer.
The borrower may not be older than 75 years of age upon expiry of the loan term.
Borrower’s minimum net income €700/per month.
No current defaults in the payment default register.

Necessary documents

Loan application
Passport or ID card (with the residence or work permit) or driving license issued in the Republic of Estonia
If needed, a calculation for the use of the loan being sought
If you wish to apply for a loan for construction work, we recommend examining advice related to house-building matters here
Account statements (income and expenditure) for all existing accounts for the last 6 months as of the day before the application
Expert assessment of the collateral, prepared by a real estate firm accepted by Coop Pank. The expert assessment must have been prepared within the last 6 months before its submission to Coop Pank
If necessary, the private loan manager may ask questions and request documents additionally

Price list

Coop Pank base rate

The bank usually applied the base interest rate of Coop Pank (KPB) to long-term loans (home loan, mortgage loan) from 1 May 2008 to 18 April 2012.

KPB is quoted and published by Coop Pank on its website every banking day, taking into account money market interest rates and the current state of the economic environment in Estonia and worldwide.

The base rate is more stable compared to individual market interest rates, since it takes into account more comprehensively how the economic environment and interest rates are shaped, follows the market situation at a calm pace and is not swayed by temporary fluctuations in the individual interest rates.

KKPB is variable interest. For the client, Coop Pank’s base rate is fixed for three months at a time, changing if KPB has changed during the three months after it was fixed last under the agreement.

Currently, the base rate is 4.25%.

Base rate history

Starting date	End date	Base rate
22.06.2023	-	4,25%
06.03.2023	21.06.2023	3,75%
01.11.2022	05.03.2023	2,70%
07.07.2016	31.10.2022	1,20%
18.04.2016	06.07.2016	1,30%
12.02.2016	17.04.2016	1,40%

Standard example of the annual percentage rate

The provisional annual percentage rate on a home loan is 4,225% on the following sample terms: credit amount €89 090, repayment over 30 years in 360 monthly annuity payments, agreement fee €100,00, interest not fixed 6 months’ EURIBOR + margin 1,600% per annum (as at 31 March 2026, the 6 months’ EURIBOR is 2,529% per annum; the negative value of EURIBOR is equated to zero when interest is calculated; EURIBOR may change every 6 months), account management fee €0, total credit amount €155 813,35 and total of repayments €155 713,35.

The rate is calculated on the assumption that the credit amount is used in full immediately and that its principal and interest will be repaid in monthly annuity payments. The rate does not include any expenses related to providing or the collateral. Before you conclude an agreement, we advise you to review the terms and conditions of the financial service and, if necessary, consult a specialist.

Before entering into an agreement

Precontractual information

Borrower’s reminder

How can I use a EIS (former KredEx) guarantee to secure my home loan?

The need for a EIS guarantee will become clear in the course of analysing your application, and our loans specialist will outline the options available to you. If you already know you want to reduce the amount of self-financing you have to provide, you can mark a EIS guarantee as security in addition to your property on the application form. The loans specialist will then guide you on what to do next and what paperwork to provide.

How can I insure the assets I’m putting up as collateral on my loan?

When filling in the loan application form, we recommend saying yes to receiving offers from Coop Kindlustusmaakler. If you do, then they’ll make you a variety of offers from different insurance companies straight away, i.e. in the course of your application. This will save you the time and hassle of having to ask all those insurers for offers yourself. Insurance policies tend to be entered into for a period of one year, at the end of which Coop Kindlustusmaakler then makes you another offer. If you take out a policy elsewhere, you’ll need to make sure yourself that it’s renewed and e-mailed to the bank (kindlustus@cooppank.ee).

What’s Euribor and where can I find it?

Can I get a grace period, and if so, for how long?

You can. Send us a message via the Internet bank or submit a digitally signed application in free form. Indicate the number of your loan contract, the borrower’s ID code and how long you need the grace period to be. Be sure to state, in detail, why you need the grace period. One of our loan specialists will analyse your application and offer you the optimal grace period option given your situation.

Can I repay my loan ahead of time?

Yes, either in part or in full. To do so, submit a signed application or Internet bank message to this effect, indicating your contract number, the amount being repaid and the date of repayment. If there isn’t enough money in your account to cover the amount on the date in question, your application will be annulled. In accordance with the law, the bank has the right to charge a fee for the early repayment of a loan, as set out in its price list.

See all questions

General information(Mon-Fri 08.30-19.00)

laen@cooppank.ee

Anastassia Trussova

anastassia.trussova@cooppank.ee Narva, Tallinna mnt 30b

Anželika Bassova

anzelika.bassova@cooppank.ee Tallinn, Maakri 30

Jana Hendrikson

jana.hendrikson@cooppank.ee Tartu, Ülikooli 4

Jelena Klimova

jelena.klimova@cooppank.ee Tallinn, Maakri 30

Julia Artamonova

julia.artamonova@cooppank.ee Tallinn, Maakri 30

Julia Rozenfeld

julia.rozenfeld@cooppank.ee Tallinn, Maakri 30

Kaire Koch

kaire.koch@cooppank.ee Võru, Jüri 24

Kaja Tohvert

kaja.tohvert@cooppank.ee Rakvere, Lai 18

Kristi Keemu

kristi.keemu@cooppank.ee Tallinn, Maakri 30

Külly Aljama

kully.aljama@cooppank.ee Pärnu, Pikk 11

Laivi Kadaste

laivi.kadaste@cooppank.ee Rakvere, Lai 18

Lii Jalak

lii.jalak@cooppank.ee Võru, Jüri 24

Merle Kuller

merle.kuller@cooppank.ee Tallinn, Maakri 30

Monika Lorvi

monika.lorvi@cooppank.ee Tartu, Ülikooli 4

Olga Valss

olga.valss@cooppank.ee Tallinn, Maakri 30

Reelika Koort

reelika.koort@cooppank.ee Tallinn, Maakri 30

Teele Rand

teele.rand@cooppank.ee Pärnu, Pikk 11

Home Defender Loan

Home loan calculator

Maximum loan amount
Monthly Payment

Pay only the loan interest monthly or defer these payments to the future. During the grace period, you can furnish or renovate your home, for example.

Special Offer for the Home Defender Loan:

interest margin from 1.49%;
grace period up to 2 years from the issuance of the loan;
contract fee €0;
free early loan repayment;
we will reimburse the expert valuation cost up to €250 after the loan has been issued;
we cover the first year's loan payment insurance cost up to €100;
free 'Useful' plan for a year.

Margin from 1.49%

Long grace period

Contract fee €0

Free loan payment insurance

Applying for a loan

Buying a home
Construction loan
Refinancing

Fill in the loan application form. We’ll then make you an initial offer on the loan amount and interest rate in just 60 seconds!

Our loan administrator will go over any details with you.

The loan administrator will then e-mail you a binding offer.

Submit an expert appraisal of the property you’re setting as collateral.

Sign the loan agreement and take out home insurance.

For your convenience, Coop Kindlustusmaakler can make you a home insurance offer.

We’ll then arrange a time with you for the purchase to be notarised.

Finally, we’ll transfer the loan amount to your account.

Commission your project, seek quotes for the construction cost and draw up your calculations. Consult one of our loan administrators.

Submit to the loan administrator an expert appraisal of the home being constructed which reflects both its current and market value.

Fill in the loan application form. We’ll then make you an initial offer on the loan amount and interest rate in just 60 seconds!

Our loan administrator will go over any details with you and then e-mail you a binding offer.

Sign the agreement.

We’ll then arrange a time with you for the mortgage to be notarised.

Finally, we’ll transfer the loan amount to your account in parts. You’ll need to submit home insurance for the home being built when construction is almost complete.

Fill in the loan application form. We’ll then make you an initial offer on the loan amount and interest rate in just 60 seconds!

Our loan administrator will go over any details with you and then e-mail you a binding offer.

Submit an expert appraisal of the property you’re setting as collateral. Also submit an application for the repayment of the loan to your current bank.

Sign the loan agreement and take out home insurance.

For your convenience, Coop Kindlustusmaakler can make you a home insurance offer.

We’ll arrange a time with you for the transaction to be notarised. Your current bank will then assign the mortgage to Coop Pank.

Finally, we’ll transfer the loan to your account and from there to the other bank.

Personalised solutions for you

Loans and financing
New Developments

Home Defender Loan – good to know

Terms and conditions

One of the loan applicants must serve in the Estonian Defence Forces (active servicemen), the Rescue Board (rescue service employees), the Police and Border Guard Board (police and border guard officers, volunteer police officers), the Emergency Response Center, or must be a veteran of the Estonian Defence Forces, a member of the Defence League or Women’s Voluntary Defence Organization, or a volunteer rescuer.
The loan amount starts from €10 000.
The repayment term is up to 30 years.
Interest rate from 1.49% + 6-month EURIBOR on outstanding loan per year.
If desired, a grace period for principal and interest payments is available for the first two years of the loan. In case of an EIS guarantee, we offer a grace period for principal payments up to 1 year.
Early loan repayment is free of charge.
For a purchase of real estate, the own contribution needed is from 15% of the price of real estate being bought. We also work with EIS (former KredEx) whose guarantee can reduce the amount of the initial downpayment of a home loan. We accept the co-financing provided by the Rural Development Foundation as self-financing.
In the absence of monetary own contribution, additional collateral (real estate, including undeveloped properties) is accepted.
The immovable property being purchased or renovated usually remains the main collateral for the home loan and is encumbered with a mortgage in favour of the bank.
The bank will cover the credit payment insurance cost up to €100 for the first loan year, provided that the credit payment insurance and collateral insurance contract is signed through Coop Kindlustusmaakler AS. Loan payment insurance ensures the payment of the monthly loan payments in the event of a long-term illness or loss of employment.

Requirements for the applicant

An applicant must be an Estonian citizen or a foreign national holder of a residence permit.
One of the loan applicants must serve in the Estonian Defence Forces (active servicemen), the Rescue Board (rescue service employees), the Police and Border Guard Board (police and border guard officers, volunteer police officers), the Emergency Response Center, or must be a veteran of the Estonian Defence Forces, a member of the Defence League or Women’s Voluntary Defence Organization, or a volunteer rescuer.
The borrower may not be older than 75 years of age upon expiry of the loan term.
Borrower’s minimum net income €700/per month.
No current defaults in the payment default register.

Necessary documents

Loan application
Passport or ID card (with the residence or work permit) or driving license issued in the Republic of Estonia
If needed, a calculation for the use of the loan being sought
If you wish to apply for a loan for construction work, we recommend examining advice related to house-building matters here
Account statements (income and expenditure) for all existing accounts for the last 6 months as of the day before the application
Expert assessment of the collateral, prepared by a real estate firm accepted by Coop Pank. The expert assessment must have been prepared within the last 6 months before its submission to Coop Pank
If necessary, the private loan manager may ask questions and request documents additionally

Price list

Coop Pank base rate

The bank usually applied the base interest rate of Coop Pank (KPB) to long-term loans (home loan, mortgage loan) from 1 May 2008 to 18 April 2012.

KPB is quoted and published by Coop Pank on its website every banking day, taking into account money market interest rates and the current state of the economic environment in Estonia and worldwide.

Currently, the base rate is 4.25%.